Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

MINISO Group Holding Limited (NYSE: MNSO) is a China-based holding company focused on the development, retail, and wholesale of lifestyle and pop toy products that incorporate intellectual property (IP) design. The company's business is segmented into MINISO and TOP TOY. MINISO offers a wide range of products, including home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care items, snacks, fragrances, and stationery gifts. The TOP TOY brand features products such as blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys. The company primarily operates in China, as well as in various countries across Asia, America, Europe, and beyond.

This US Inflation Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Key metrics, Company details, technical guidance & Stock recommendation, and Price chart.

Price Performance:

• MNSO's stock moved above crucial long-term as well as short-term crucial support levels of 20-D, 50-D, 100-D and 200-D EMAs.
• The 14-day Relative Strength Index (RSI) moved above 60, indicating a bullish range shift on daily price chart.
• Additionally, the leading momentum indicator MACD moved above 9-D SMA signal line, and the spread between 12-D EMA and 21-D is positive implies bulls are getting heavy over bears.

1.2 Summary Table

1.3 The Key Positives & Negatives

Section 2: MINISO Group Holding Limited (NYSE: MNSO) (“Buy” at the current market price of USD 17.46, as of 30 September 2024 at 08:55 AM PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation  

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is September 30,2024 at 08:55 AM PDT. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stocks prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.